House Bill 6

Actions | Amendments
Last Action 03/10/22: signed by Governor (Acts Ch. 13)
Title AN ACT relating to the valuation of motor vehicles for property tax purposes and declaring an emergency.
Bill Documents Current/Final
Introduced
Fiscal Impact Statements Fiscal Note
Local Mandate
Additional Fiscal Impact Statements Exist
Bill Request Number 1376
Sponsors S. Santoro, P. Flannery, K. Banta, A. Bowling, K. Bratcher, J. Bray, J. Calloway, J. Decker, M. Dossett, R. Dotson, J. DuPlessis, D. Elliott, D. Fister, K. Fleming, D. Frazier Gordon, C. Freeland, C. Fugate, A. Gentry, J. Gooch Jr., D. Hale, M. Hart, A. Hatton, S. Heavrin, R. Huff, T. Huff, M. Imes, K. King, N. Kirk-McCormick, W. Lawrence, D. Lewis, M. Lockett, C. Massey, B. McCool, S. Miles, C. Miller, D. Osborne, R. Palumbo, P. Pratt, M. Prunty, F. Rabourn, B. Reed, S. Riley, B. Rowland, S. Rudy, S. Sharp, S. Sheldon, T. Smith, W. Thomas, J. Tipton, R. Webber
Summary of Original Version Amend KRS 132.485 to require the average trade-in value and not the rough trade-in value or clean trade-in value be used as the standard value of a motor vehicle for property tax purposes; grant tax refunds for tax overpayments; require posting of the tax refund information; apply to motor vehicles assessed or after January 1, 2022; RETROACTIVE; EMERGENCY.
Index Headings of Original Version County Clerks - Property tax, motor vehicle valuation standards, refund information, posting requirement
Effective Dates, Emergency - Motor vehicle valuation standards, average trade-in value requirement
Motor Vehicles - Property tax, motor vehicle valuation standards, average trade-in requirement
Property Valuation Administrators - Property tax, motor vehicle valuation standards, refund information, posting requirement
State Agencies - Department of Revenue, motor vehicle property tax, refund information, posting requirement
Taxation - Property tax, motor vehicle valuation standards, average trade-in requirement
Taxation, Property - Motor vehicle valuation standards, average trade-in value requirement
Retroactive Legislation - Motor vehicle property tax valuation standards, January 1, 2022
Local Mandate - Property tax, motor vehicle valuation standards, refund information, posting requirement
Fiscal Note - Department of Revenue, motor vehicle property tax, refund information
Jump to Proposed Amendments House Committee Substitute 1 with Fiscal Impact Statements
Senate Committee Substitute 1 with Fiscal Impact Statements
Votes Vote History

Actions

Top | Amendments
01/10/22
  • introduced in House
  • to Committee on Committees (H)
02/02/22
  • taken from Committee on Committees (H)
  • 1st reading
  • returned to Committee on Committees (H)
02/03/22
  • to Appropriations & Revenue (H)
02/08/22
  • reported favorably, 2nd reading, to Rules with Committee Substitute (1)
  • posted for passage in the Regular Orders of the Day for Wednesday, February 09, 2022
02/09/22
  • 3rd reading, passed 95-0 with Committee Substitute (1)
02/10/22
  • received in Senate
  • to Committee on Committees (S)
02/14/22
  • to Appropriations & Revenue (S)
02/15/22
  • taken from Appropriations & Revenue (S)
  • 1st reading
  • returned to Appropriations & Revenue (S)
02/16/22
  • taken from Appropriations & Revenue (S)
  • 2nd reading
  • returned to Appropriations & Revenue (S)
03/02/22
  • reported favorably, to Rules with Committee Substitute (1)
  • posted for passage in the Regular Orders of the Day for Wednesday, March 02, 2022
  • 3rd reading, passed 34-0 with Committee Substitute (1)
03/03/22
  • received in House
  • to Rules (H)
03/04/22
  • posted for passage for concurrence in Senate Committee Substitute (1)
  • House concurred in Senate Committee Substitute (1)
  • passed 91-0
  • enrolled, signed by Speaker of the House
03/07/22
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/10/22
  • signed by Governor (Acts Ch. 13)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Fiscal Impact Statements Fiscal Note to House Committee Substitute 1
Local Mandate to House Committee Substitute 1
Summary Retain original requirement that the average trade-in value and not the rough trade-in value or clean trade-in value be used as the standard value of a motor vehicle for property tax purposes; amend KRS 132.485 to allow the property valuation administrator (PVA) to adjust a motor vehicle's value; create a new section of KRS Chapter 132 to exempt a portion of property taxes assessed for the January 1, 2022, assessment date; mandate refunds for overpayments; provide that the trade-in value requirement and PVA adjustment apply to assessment's on or after January 1, 2023; RETROACTIVE; EMERGENCY.
Index Headings County Clerks - Property tax exemption, motor vehicles, refunds granted
Effective Dates, Emergency - Motor vehicle valuation standards, average trade-in value requirement, property tax exemption
Motor Vehicles - Property tax, motor vehicle valuation standards, average trade-in requirement
Property Valuation Administrators - Property tax, motor vehicle valuation standards, average trade-in requirement
State Agencies - Department of Revenue, motor vehicle property tax, valuation standards, tax exemption
Taxation - Property tax, motor vehicle valuation standards, tax exemption
Taxation, Property - Motor vehicle valuation standards, tax exemption
Retroactive Legislation - Motor vehicle property tax exemption, January 1, 2022
Fiscal Note - Department of Revenue, motor vehicle property tax, valuation standards, tax exemption

Amendment Senate Committee Substitute 1
Fiscal Impact Statement Local Mandate to Senate Committee Substitute 1
Summary Retain original requirements; create a new section of KRS Chapter 132 to exempt a portion of property taxes assessed for the January 1, 2022, and January 1, 2023, assessment dates; mandate that the Department of Revenue and county clerks work together to establish procedures for refunds; provide that the trade-in value requirement and PVA adjustment apply to vehicles assessed on or after January 1, 2024; RETROACTIVE; EMERGENCY.
Index Headings County Clerks - Motor vehicle valuation, property tax exemption, refunds
Effective Dates, Emergency - Motor vehicle valuation, property tax exemption, refunds
Motor Vehicles - Assessed valuation, property tax exemption, refunds
Property Valuation Administrators - Motor vehicle valuation, property tax exemption, refunds
State Agencies - Department of Revenue, motor vehicle valuation, property tax exemption, refunds
Taxation - Property tax, motor vehicle valuation, exemption
Taxation, Property - Motor vehicle valuation, exemption
Retroactive Legislation - Motor vehicle property tax exemption, January 1, 2022
Local Mandate - Motor vehicle valuation, property tax exemption, refunds

Last updated: 4/29/2022 2:39 PM (EDT)
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